May 7, 2023 | Investments
Investors cheered Apple’s latest earnings report and welcomed a strong jobs report, which suggested the U.S. economy remained robust despite banking uncertainty and rising interest rates. Friday’s gains were not enough to wipe out weekly losses for the...
Apr 30, 2023 | Investments
Major stock indexes posted solid gains on Friday to end the week and the month on higher ground, in part as earnings reports from several big tech companies including Alphabet, Microsoft and Meta Platforms were received positively by investors. However, Amazon fell 4%...
Apr 16, 2023 | Investments
A key measure of U.S. inflation published earlier this week showed signs of moderating in March, with the Consumer Price Index (CPI) climbing 5% compared to last year, slowing from an annual pace of 6% seen in February. However, core CPI, which excludes volatile food...
Mar 19, 2023 | Investments
Stocks and bond yields fell Friday, capping a tumultuous week as concerns rose that turmoil rocking the banking sector will tip the global economy into a recession. Investors pulled back from positions in regional bank shares and the financial sector overall. Despite...
Mar 12, 2023 | Investments
Stocks ended their worst week so far this year with a fourth straight day of losses, and U.S. Treasuries and gold soared in a flight to quality, after federal regulators closed Silicon Valley Bank (SVB) on Friday in the biggest U.S. bank failure since 2008. Regional...
Mar 5, 2023 | Investments
Federal Reserve Bank of Atlanta President Raphael Bostic said on Thursday that the central bank could be in position to pause the current tightening cycle by mid to late summer. He favors a 25 basis points rate hike in March. The markets celebrated. The three major...
